Lotus Creek Exploration Inc. Announces Third Quarter 2026 Operating Results

(TSXV:LTC) Lotus Creek Exploration Inc. reported its third quarter 2026 operating and financial results, achieving its highest adjusted funds from operations (adjusted FFO) since inception on February 5, 2025. Adjusted FFO for Q3 2026 was $12.9 million, up from $1.9 million in Q3 2025 and $7.5 million in Q2 2026. Cash flows from operating activities for Q3 2026 were $15.5 million, compared to $6.7 million in Q3 2025 and $5.5 million in Q2 2026. Third quarter 2026 production reached a record 4,157 boe per day, up from 1,425 boe per day in Q3 2025 and 3,417 boe per day in Q2 2026. Q3 2026 production consisted of 2,105 bbl/d crude oil, 733 bbl/d NGLs, and 7,911 mcf/d natural gas. As of September 30, 2026, the company had $8.6 million drawn on its credit facilities, net debt of $12.8 million, and a net debt to quarterly funds from operations ratio of 0.2 times. Capital investment during Q3 2026 totaled $24.4 million. Net income for Q3 2026 was $2.0 million, compared to a net loss of $0.3 million in Q3 2025 and net income of $5.8 million in Q2 2026; Q3 2026 net income included a $4.0 million unrealized loss on risk management contracts. Lotus Creek increased its 2026 annual average production guidance to 3,900–4,300 boe/d and Q4 average production guidance to 5,100–5,500 boe/d. In October 2026, corporate production averaged approximately 5,500 boe/d, with 2,900 bbl/d oil, 900 bbl/d NGLs, and 10,100 mcf/d natural gas. The company’s first 12 gross (11.9 net) development wells at Wilson Creek advanced delineation and de-risking of its 100+ well inventory, bringing infrastructure to capacity. Lotus Creek is preparing for infrastructure expansion in 2027 to support growth toward a 10,000 boe/d objective, with further details to be provided alongside the 2027 capital budget before year-end 2026. For the nine months ended September 30, 2026, adjusted FFO was $31.0 million, cash flows from operating activities were $31.2 million, and net income was $3.5 million. Weighted average shares outstanding were 40,263 thousand at Q3 2026, with 40,354 thousand shares outstanding at period end. Total capital and abandonment expenditures for the nine months ended September 30, 2026 were $46.8 million. Q3 2026 average realized prices were $120.86/bbl for crude oil, $30.43/bbl for NGLs, and $1.44/mcf for natural gas. The company’s crude oil and NGLs weighting for 2026 was revised to 71%, with natural gas weighting at 29%. Lotus Creek’s core asset is Wilson Creek in Central Alberta, featuring multiple stacked oil-bearing reservoirs and over 100 drilling opportunities.

Lotus Creek Exploration Inc. Announces August Operational Update to Shareholders

(TSXV:LTC) Lotus Creek Exploration Inc. announced that its August Operational Update to Shareholders has been posted to the company's website. The company states its commitment to providing shareholders with regular monthly updates on its financial and operational progress. The timing of these updates may vary as the company prioritizes the completeness and accuracy of the information provided. Kevin Johnson is listed as President & CEO of Lotus Creek Exploration Inc. Mitchell Harris is listed as VP Finance & CFO. The announcement directs shareholders to the company's website for further information. The release provides contact information for both Kevin Johnson and Mitchell Harris. The company reiterates its intention to keep shareholders informed through monthly updates. The August Operational Update itself is not included in the text of this announcement. No specific operational, financial, or project details are disclosed in this release. The announcement was made on October 1, 2026. The company is listed on the TSX Venture Exchange under the ticker LTC. The release includes a link to the source version of the press release. The company is based in Alberta.

Lotus Creek Exploration Inc. Announces Second Quarter 2026 Operating Results

(TSXV: LTC) Lotus Creek Exploration Inc. reported second quarter 2026 production of 3,417 boe per day, comprised of 1,584 bbl per day of crude oil, 745 bbl per day of NGLs, and 6,528 mcf per day of natural gas. The company drilled 1.0 gross (1.0 net) light oil Belly River channel well in Wilson Creek at a total on stream cost of approximately $4.3 million, and at the end of July, the well was producing at restricted rates of approximately 920 boe per day. During the second quarter, Lotus Creek sold its non-core assets in Tableland, Saskatchewan for aggregate proceeds of $13.0 million, which were used to repay debt under its credit facilities. Adjusted funds from operations for Q2 2026 were $7.5 million, with cash flows from operating activities at $5.5 million and net income of $5.8 million, inclusive of a $5.5 million unrealized gain on risk management contracts. The company invested a total of $8.0 million of capital in the quarter and had net debt of $1.2 million as at June 30, 2026. The company projects average fourth-quarter 2026 production guidance of 4,800 to 5,200 boe per day and full-year capital and abandonment expenditures of $50.0 million. Lotus Creek expects to have ample liquidity through its credit facilities to continue to fund its capital program and operations.

Lotus Creek Exploration Inc. Announces Stock Option Grant

(TSXV: LTC) Lotus Creek Exploration Inc. announces that pursuant to the terms and conditions of the Company's stock option plan, the Lotus Creek Board of Directors has approved the grant of 137,700 stock options to certain Directors and Officers. The stock options expire 30 business days following the date of vesting and are exercisable at a price of $3.13 per common share. The stock options vest as to one-third on each first, second and third anniversary date, beginning on June 4, 2027.

Lotus Creek Exploration Inc. Announces May Operational Update to Shareholders

(TSXV: LTC) Lotus Creek Exploration Inc. announced that the May Operational Update to Shareholders has been posted to the Company's website. The announcement was made on June 30, 2026. The company provided contact information for Kevin Johnson, President & CEO, and Mitchell Harris, VP Finance & CFO. The operational update can be accessed via a link provided in the press release. The source version of the press release is available at https://www.newsfilecorp.com/release/303530. The company is based in Calgary, Alberta.

Lotus Creek Exploration Inc. Announces April Operational Update to Shareholders

Lotus Creek Exploration Inc. (TSXV: LTC) announced that its April Operational Update to Shareholders has been posted to the Company's website. The announcement was made from Calgary, Alberta, and provides a link for shareholders to access the update. Contact information for Kevin Johnson, President & CEO, and Mitchell Harris, VP Finance & CFO, is included. The press release directs readers to the company's website and the source version of the release on Newsfile Corp. This update is intended to keep shareholders informed about the company's recent operations. No specific operational or financial figures are disclosed in this announcement. Investors are encouraged to review the full update via the provided link for further details.

Lotus Creek Exploration Inc. Announces First Quarter 2026 Operating Results and Expanded Capital Budget

Lotus Creek Exploration Inc. (TSXV: LTC) reported its first quarter 2026 operating results, highlighting a significant increase in adjusted funds from operations to $10.6 million from $1.6 million in Q1 2025. Production rose to 4,010 boe per day, driven by new wells in Wilson Creek, and the company invested $14.4 million in capital during the quarter. The company sold its non-core Tableland, Saskatchewan assets for $13.0 million and used the proceeds to repay debt. The Board approved an increase in the 2026 capital budget from $42.0 million to $50.0 million, with a focus on expanding drilling in Wilson Creek. Despite a net loss of $4.4 million in Q1 2026, Lotus Creek remains focused on growth and financial resilience.

Lotus Creek Exploration Inc. Announces Non-Core Asset Disposition and Completion of the Borrowing Base Review

Lotus Creek Exploration Inc. announced the sale of its non-core assets located in Tableland, Saskatchewan to an arm's length third party for aggregate proceeds of $13.0 million. The transaction was completed pursuant to an asset purchase and sale agreement. The announcement was made on April 22, 2026. This sale provides Lotus Creek with additional capital and may impact its asset portfolio. The transaction involves assets described as non-core by the company.